First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $48.79 and traded as high as $49.50. First Trust California Municipal High Income ETF shares last traded at $49.45, with a volume of 15,769 shares traded.

First Trust California Municipal High Income ETF Stock Performance

The stock has a market cap of $205.22 million, a price-to-earnings ratio of 130.13 and a beta of 0.25. The business’s 50 day moving average is $49.35 and its 200-day moving average is $48.79.

First Trust California Municipal High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be given a $0.14 dividend. This represents a c) annualized dividend and a dividend yield of 3.4%. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. The ex-dividend date is Wednesday, January 21st. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is 421.05%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FCAL. Jane Street Group LLC grew its stake in First Trust California Municipal High Income ETF by 171.0% during the 2nd quarter. Jane Street Group LLC now owns 88,954 shares of the financial services provider’s stock valued at $4,267,000 after acquiring an additional 56,132 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in shares of First Trust California Municipal High Income ETF by 24.8% during the 2nd quarter. Guggenheim Capital LLC now owns 105,477 shares of the financial services provider’s stock worth $5,060,000 after purchasing an additional 20,964 shares during the last quarter. MGO One Seven LLC boosted its holdings in shares of First Trust California Municipal High Income ETF by 144.2% during the 2nd quarter. MGO One Seven LLC now owns 34,875 shares of the financial services provider’s stock worth $1,673,000 after purchasing an additional 20,595 shares during the last quarter. WESPAC Advisors SoCal LLC purchased a new stake in shares of First Trust California Municipal High Income ETF in the third quarter valued at approximately $746,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of First Trust California Municipal High Income ETF by 351.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,662 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 14,532 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Company Profile

First California Financial Group, Inc is a bank holding company for its wholly owned subsidiary First California Bank (the Bank). The Bank is a full-service commercial bank. The Bank’s operations are primarily located within the areas commonly known as the 101 corridor stretching from the City of Ventura to Calabasas, California, the Moorpark-Simi Valley corridor, the western San Fernando Valley, the Tri-Cities area of Glendale-Burbank-Pasadena, the South Bay, the Inland Empire, north San Diego County, Century City and other parts of Los Angeles, Orange San Luis Obispo and Ventura Counties in Southern California.